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Fixed asset management software helps organizations calculate the value of their property. This is useful in many situations; for instance, when selling property. Fixed asset management can help businesses determine an appropriate sales price. Organizations choose to sell property for many reasons, but often, this activity helps to grow revenue or decrease debt. Hilo Hattie faces bankruptcy Recently, Hawaiian retailer Hilo Hattie filed for chapter 11 bankruptcy, according to local Honolulu news source KHON2. In the meantime, the company will continue its operations. Through bankruptcy proceedings, the company put its flagship location up for sale. However, the city of Honolulu…

One of the primary uses of fixed asset management software is enabling businesses to remain compliant with property taxes while paying the least amount possible. Because property value can fluctuate, especially real estate holdings, it's important to have effective methods to calculate how these changes may impact taxation. New construction can increase the value of property, which leads to greater taxation. New assets increase value The property values along the Indianapolis Cultural Trail increased dramatically over the past few years. According to a study conducted by Indiana University Public Policy Institute, property values within one block of the trail have increased…

Managing a company's fixed assets is complicated enough with the proper technology. For large businesses with a massive amount of inventory, making sure every asset is accounted for is a lengthy task. Utilizing fixed asset management software is vital in this day and age to guarantee that every part of a company is being tracked well. Doing that type of management when the software and hardware are not synchronized is nearly impossible. The two sides of the business must be integrated so that they can work well in tandem without any sort of complications or breakdown. Merging the two is important for any type…

Fixed asset management software provides a way for businesses and organizations to assess property value, which is helpful in situations where severe damage may occur. Fixed asset accounting helps organizations pay appropriate insurance fees so they can recover adequate funds if property is damaged. Inclement weather damage Businesses and organizations in San Diego could have many reasons to implement fixed asset accounting. In late July, the city was hit with severe rainstorms as a result of hurricane Dolores, local public radio station KPBS reported. All together, 130 area home and business owners reported property damage. The government is currently assessing whether…

Fixed asset accounting not only helps companies manage physical property but intangible assets as well. Intangible assets like intellectual property are often among the most valuable assets a business has. It's important to account for intellectual property, especially in circumstances of a merger, acquisition or sale. Clothing company Band of Outsiders is closing its doors after being sold to CLCC SA, a fashion fund based in Luxembourg. The fashion brand turned over its assets to the Belgian company after being unable to make a credit payment exceeding $2 million, Women's Wear Daily reported. The company will put Band of Outsiders' remaining…